Monitor ICL's upcoming quarterly filings for use of proceeds and any changes to leverage ratios. The notes include cross-acceleration provisions, so any material debt event at ICL could trigger a repurchase obligation. The BBB- rating provides a floor for credit quality.
Price Chart
Executive Summary
ICL Group Ltd. completed a private offering of $800 million in senior unsecured notes due 2036, carrying a 6.036% coupon and rated BBB- by S&P and Fitch. The notes will trade on TASE UP starting June 17, 2026. This is a routine debt capital markets transaction that increases leverage but does not dilute equity.
Key Facts
- $800 million aggregate principal amount of senior unsecured notes due 2036
- Coupon of 6.036%, paid semi-annually
- Notes rated BBB- by S&P Global Inc. and Fitch Ratings Inc.
- Notes approved for trading on TASE UP, commencing June 17, 2026
- Standard covenants including limitation on liens, sale-leaseback restrictions, and change of control repurchase obligation
Financial Impact
Increases total debt by $800 million; annual interest expense approximately $48.3 million based on 6.036% coupon. ICL's 2025 revenues were approximately $7 billion, so interest coverage remains manageable.
Risk Factors
- Increased leverage from $800M debt addition
- Cross-acceleration to other material indebtedness could trigger early repayment
- Fixed-rate coupon exposes ICL to interest rate risk if rates decline
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001178913-26-003219 |
| Document: 0001178913-26-003219-index-headers.html | 0001178913-26-003219 |
| Document: 0001178913-26-003219-index.html | 0001178913-26-003219 |
| Document: 0001178913-26-003219.txt | 0001178913-26-003219 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 1, 2026 7w ago | 6-K | $5.84 $5.02 | ▼ −14.04% | ▼ −13.71% | $4.79 (−17.98%) |
Aug 5, 2026 11w ago | 6-K | $5.23 $5.84 | ▲ +11.66% | ▲ +12.26% | $4.79 (−8.41%) |
Aug 5, 2026 11w ago | 6-K | $5.23 $5.84 | ▲ +11.66% | ▲ +12.26% | $4.79 (−8.41%) |
Aug 5, 2026 11w ago | 6-K | $5.23 $5.84 | ▲ +11.66% | ▲ +12.26% | $4.79 (−8.41%) |
Aug 5, 2026 11w ago | 6-K | $5.23 $5.84 | ▲ +11.66% | ▲ +12.26% | $4.79 (−8.41%) |
Jun 30, 2026 16w ago | 6-K | $5.03 $5.10 | ▲ +1.39% | ▲ +3.58% | $4.79 (−4.77%) |
Jun 23, 2026 17w ago | 6-K | $5.07 $5.32 | ▲ +4.93% | ▲ +3.00% | $4.79 (−5.52%) |
Jun 16, 2026 18w ago | 6-K | $5.41 $5.01 | ▼ −7.39% | ▼ −7.59% | $4.79 (−11.46%) |
Jun 1, 2026 21w ago | 6-K | $6.43 $4.98 | ▼ −22.51% | ▼ −21.22% | $4.79 (−25.47%) |
US Market Status
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